Wang Zhentao details large indirect LightInTheBox (LITB) stake in Form 3
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
LightInTheBox Holding Co., Ltd. director Wang Zhentao filed an initial ownership report showing a large indirect stake in the company. The filing reports beneficial ownership of 20,260,082 ordinary shares and 357,810 American Depositary Shares, which represent 4,293,728 ordinary shares.
The ordinary shares and ADSs are held indirectly through AOGANG INTERNATIONAL (HONG KONG) CORPORATION LIMITED, which is wholly owned by Zhejiang Aokang Shoes Co., Ltd. Wang Zhentao owns 90% of AoKang Investment Holdings Co., Ltd., which holds 27.73% of AoKang, and directly holds a further 15.10% of AoKang, giving him effective control over these holdings.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Wang Zhentao
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Ordinary shares | -- | -- | -- |
| holding | American Depositary Shares | -- | -- | -- |
Holdings After Transaction:
Ordinary shares — 20,260,082 shares (Indirect, See footnote);
American Depositary Shares — 357,810 shares (Indirect, See footnote)
Footnotes (1)
- Every ADS represents 12 ordinary shares. Represents 20,260,082 ordinary shares and 357,810 ADSs representing 4,293,728 ordinary shares beneficially owned by the Reporting Person. The ordinary shares and ADSs are held directly by AOGANG INTERNATIONAL (HONG KONG) CORPORATION LIMITED ("AOGANG International"), a limited liability company incorporated under the laws of Hong Kong. AOGANG International is directly and wholly owned by Zhejiang Aokang Shoes Co., Ltd. ("AoKang"), a company incorporated under the laws of the People's Republic of China. The Reporting Person directly holds: (1) 90% of the total outstanding shares of AoKang Investment Holdings Co., Ltd., which directly holds 27.73% of the outstanding shares of AoKang; and (2) 15.10% of the total outstanding shares of AoKang.
FAQ
What does Wang Zhentao’s Form 3 filing for LITB disclose?
The Form 3 discloses Wang Zhentao’s initial beneficial ownership in LightInTheBox. It reports indirect holdings of 20,260,082 ordinary shares and 357,810 ADSs, giving investors clarity on a director’s significant stake and associated control structure.
How are Wang Zhentao’s LightInTheBox holdings structured through AOGANG International?
The ordinary shares and ADSs are held directly by AOGANG INTERNATIONAL (HONG KONG) CORPORATION LIMITED. AOGANG International is wholly owned by Zhejiang Aokang Shoes Co., Ltd., linking Wang’s beneficial ownership to his equity stakes and control positions in AoKang and its holding company.
What ownership interests connect Wang Zhentao to Zhejiang Aokang Shoes Co., Ltd.?
The filing states that Wang owns 90% of AoKang Investment Holdings Co., Ltd., which itself holds 27.73% of AoKang’s outstanding shares. He also directly owns 15.10% of AoKang, combining to give him significant influence over the entity holding LightInTheBox shares.